The real estate market is seeing notable developments in policy, credit and liquidity. The State Audit Office has proposed increasing the proportion of equity and reducing credit funding in projects, instead of the current 80-85% borrowing level, in order to help lower housing prices. Meanwhile, the State Bank said additional credit for restaurants, hotels, tourism, ecological and resort projects will be excluded from this year's real estate credit growth. The Ministry of Construction has also proposed prioritizing rental housing policies for seven groups, including people with two or more children, while suggesting the removal of provisions allowing foreign organizations and individuals to buy villas and terraced houses, retaining the right to purchase apartments in the draft revised Housing Law. Experts also noted that regulations should clearly identify the party receiving interest and the party paying fees for an escrow account receiving 5% of the final value of the home record...
en.nhaban.vn - Vietnam Real Estate News
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